Robinhood, hedge fund chiefs deny foul play at grilling over GameStop Reddit rally
CEO Vlad Tenev apologises for Robinhood’s ‘imperfect’ actions and insists no hedge funds influenced its decision
18 February 2021 - 23:36
Washington — Wall Street hedge fund managers, the CEOs of Robinhood and Reddit, and a YouTube streamer known as Roaring Kitty were grilled on Thursday by US legislators about the Reddit-fuelled rally in shares of GameStop.
Some of Wall Street's most powerful players, including billionaire Republican donor and Citadel CEO Ken Griffin, defended their businesses as legislators probed how Reddit users trading on retail platforms squeezed hedge funds that had bet against shares of the video game retailer and other companies...
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